BlackRock Energy and Resources Trust
BGR
65 hedge funds and large institutions have $85.4M invested in BlackRock Energy and Resources Trust in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 10 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 16
3% more capital invested
Capital invested by funds: $83M → $85.4M (+$2.39M)
0.93% more ownership
Funds ownership: 23.44% → 24.37% (+0.93%)
7% less funds holding
Funds holding: 70 → 65 (-5)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.07M |
| 2 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$756K |
| 3 |
LPL Financial
San Diego,
California
|
+$518K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$482K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$345K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.06M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$301K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$198K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$179K |
| 5 |
Walleye Capital
New York
|
-$177K |
BGR Hedge Fund Activity: Q2 2023 in Review
65 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in BlackRock Energy and Resources Trust (BGR) for Q2 2023, worth a combined $85.4M — up 2.9% from $83M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BGR and 6 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 24 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $3.07M. The largest seller was Morgan Stanley, cutting an estimated $1.06M.
- 65 institutional investors held BlackRock Energy and Resources Trust (BGR) as of Q2 2023, down from 70 in Q1 2023.
- Funds reported $85.4M of BlackRock Energy and Resources Trust stock for Q2 2023, up 2.9% quarter-over-quarter.
- 6 funds opened new BlackRock Energy and Resources Trust positions in Q2 2023 and 10 closed out, a net change of -4 holders.
- The largest BlackRock Energy and Resources Trust buyer in Q2 2023 was Saba Capital Management, an estimated $3.07M added.
- The largest BlackRock Energy and Resources Trust seller in Q2 2023 was Morgan Stanley, an estimated $1.06M sold.
Based on aggregated 13F filings for Q2 2023.